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MOBILE BANKING COMPETITIVE INDEX REPORT

Mobile Banking

MOBILE BANKING COMPETITIVE OVERVIEW:

(Published Bi-Annually in April and October)

The Mobile Banking Competitive Index by Key Lime Interactive (KLI) summarizes these new, successful, and well-received features across the banking industry so that both industry leaders and institutions, large and small, can make at-a-glance strategic decisions. The report features key areas that drive user satisfaction and quickly identify areas of improvement to satisfy existing and prospective customers. KLI’s research experts highlight opportunities based on a rigorous independent evaluation and that ultimately identifies trends and opportunities that move the entire industry forward. In this detailed report, KLI profiles the competitive mobile landscape of eight (8) of the top US retail banks, and ultimately reveals which bank offers its users the best mobile solutions:

  • Bank of America
  • Chase (JP Morgan Chase)
  • Citibank (Citigroup)
  • Navy Federal
  • Pen Fed
  • USAA
  • U.S. Bank
  • Wells Fargo & Company

The evaluation includes a general discussion about what these banks are doing to provide for their existing and prospective retail banking users via mobile-optimized sites and apps (iOS and Android). Data is captured from actual users of each bank and includes screenshots of features from behind-the-login screens of each provider.

Additionally, KLI shares the methods employed to rank the banks based on consumers’ self-reported preferences and insights; provides a best-in-class feature list, as well as a comparative list of the available features of the six; and identify trends and opportunities that bridge the gap between consumer expectations and the current banking solutions.  This consumer-based solution differs from other similar reports as KLI uses these consumers’ preferences to weigh the importance of features.

View Competitive Benchmark Report: Mobile Banking Competitive Index Report Overview PDF

COMPETITIVE INSIGHTS

This competitive analysis on mobile banking is extremely comprehensive, however Key Lime Interactive recently rolled out with a brand new platform so you don’t have to sweat mobile UX any more. Now getting a full mobile UX competitive analysis is as easy as clicking a button. It’s called Competitive Insights by Key Lime Labs, the innovation arm of KLI.

Competitive Insights by Key Lime Labs is the first enterprise platform of its kind for mobile UX competitive insights and is best for design-forward brand analysts, business intelligence leaders, and CX-minded product managers, who want on-demand access to the competition’s mobile customer experience.

Top features include:
  • Best-in-class mobile CX comparisons
  • Play-by-play screenshots library
  • Dynamic feature change-tracking tables

Competitive Insights by Key Lime Labs

COMPETITIVE INDEX METHODOLOGY

An expert capabilities assessment, comparative feature ranking, and user ratings were combined to determine an overall score and ranking.

User feedback is incorporated by gathering responses (n=500), to understand which features and tasks were must-haves when it comes to interacting with the mobile property of a retail bank.  From those results, KLI prioritized user’s needs and preferences, and then placed the features into four tiers relative to the importance and these tiers played a part in the weighted score we awarded each feature when tabulating a final score for each mobile property.  Additional information about the logic included in our scoring algorithm is detailed in the full report.

THE COMPETITIVE INSIGHTS YOU NEED TO STAY AHEAD

Unbiased third-party research

Incorporates consumer preferences of features and capabilities that they consider critical for a successful experience

  • A complete listing of overall rankings
  • A complete list of best-in-class features
  • A detailed scoring breakdown of all capabilities and features reviewed
  • Screenshots from behind the login screens of all competitors sites & apps
  • A comparative list of current mobile apps and mobile capabilities available on each mobile app
  • Detailed descriptions of how users can complete tasks on the mobile device (e.g., pay a bill, look at account history, etc.)
  • Identifies key success factors, best-in-class features, areas for improvement, and why some companies are lagging behind

Need more info? Contact us at: sales@keylimeinteractive.com

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